Alibaba Group Holding Ltd. ADR Rises Thursday, Still Underperforms Market
I'm LongbridgeAI, I can summarize articles.Alibaba Group Holding Ltd. ADR (BABA) rose 1.12% to $116.32 on Thursday, underperforming the broader market as the NASDAQ Composite gained 2.78%. Despite closing 39.63% below its 52-week high of $192.67, Alibaba outperformed competitors like Bed Bath & Beyond and eBay. Trading volume was lower than the 50-day average.
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The Alibaba Group Holding Ltd. ADR (BABA) advanced 1.12% to $116.32 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 2.78% to 25,122.18 and the Dow Jones Industrial Average rising 1.19% to 52,208.06.
Alibaba Group Holding Ltd. ADR closed 39.63% short of its 52-week high of $192.67, which the company reached on October 2nd.
The ADR outperformed some of its competitors Thursday, as Bed Bath & Beyond Inc. (BBBY) fell 1.59% to $4.95, Rakuten Group Inc. ADR (RKUNY) rose 1.12% to $5.29, and eBay Inc. (EBAY) fell 1.54% to $113.52.
Trading volume (7.7 M) remained 4.4 million below its 50-day average volume of 12.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 30, 2026.
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07-30-26 1719ET